While we don’t have a strong view on crypto here at Equity Mates, we are fascinated to watch the story unfold. Read on for some of the most interesting Tweets, articles and memes from the past week below.
Prices of Top Cryptocurrencies
Tweets & Charts of the week
Articles & Videos
The cryptocurrency industry has witnessed an array of highs and lows over the years. There’s no doubt about 2022 being a year of decline. Despite this, cryptocurrency adoption did not take a backseat. A recent survey commissioned by Coinbase and conducted by Morning Consult shows that 20% of Americans own cryptocurrencies. This means that more than 50 million Americans own digital assets.
According to Reuters, U.S. payment firms Visa & Mastercard are “slamming the brakes on plans to forge new partnerships with crypto firms.” Sources attributed this decision to the increasing collapse of several major firms that occurred throughout 2022.
The creators behind Bored Ape Yacht Club, one of the most successful nonfungible-token projects to date, is launching its first collection of Bitcoin NFTs, setting the blockchain’s new functionality up for an important test. Yuga Labs plans to auction a collection of 300 generative pieces on the Bitcoin blockchain later this week called TwelveFold.
Bitcoin’s new year rally is resuscitating many crypto-mining companies seeking to escape from near financial ruin after one of the most devastating quarters ever for the nascent industry. Whether they succeed in making a comeback remains in question.
Indexes of major US stocks and crypto have ceased moving in tandem, for now. A faltering connection between the pair could hint at the waning impact of macroeconomic factors on digital assets, including ongoing rate hikes and creeping inflation. The relationship between the two asset classes has dropped to its lowest point in three months.
Japanese conglomerate Sony is offering a Web3 incubation program in partnership with multi-chain decentralized app (dapp) hub Astar Network. In April last year, Sony Network Communications launched a Singapore-based business to explore NFT-related development outsourcing and consulting.
A quick meme break
Back to it
Axie Infinity, the world’s biggest blockchain-based video game, plans to be “even more aggressive” with crypto tokens earned by its players in 2023, suggesting the play-to-earn model is here to stay after a difficult year.
Stock and crypto broker Robinhood said the US Securities and Exchange Commission was probing its cryptocurrency business, in the latest signal that the regulator is drilling deeper into virtual asset platforms. The brokerage received an investigative subpoena in December related to its cryptocurrency listings and custody
This report from the World Economic Forum looks at the potential for blockchain in the future: Blockchain is a key technology of the Fourth Industrial Revolution, blurring the lines between physical and digital spaces. It creates new innovative opportunities and disrupts existing businesses by enabling decentralized digital transformation.
ASIC is conducting a “targeted review” of the local derivatives business of Binance, the world’s largest crypto exchange. The review includes Binance’s “classification of retail clients and wholesale clients,” a spokesperson for the regulator said in a statement on Friday.
And another
In Focus:
This week, the Crypto Curious podcast uncover the hottest topics in the world of cryptocurrency. We discuss Coinbase’s Layer 2 solution named BASE, and it’s potential impact on the crypto market. Then it’s time to turn into a true crime podcast with the mysterious murder of CryptoQueen & fugitive Ruja Ignatova, before talking about the unprecedented drop in the NFT market. Join us for an in-depth coverage of these exciting and controversial topics in the world of cryptocurrency.
Some more of our favourite content
This is an excerpt from our Crypto Newsletter email. Once a week, for those investing in crypto or interested in learning more about this corner of the market, we’re featuring some of the most interesting content we’ve come across in this weekly email. No spam, we guarantee.